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Inside Investor

Gulf of Mexico is Back, and Subsalt is all the Rage

Gulf of Mexico is Back, and Subsalt is all the Rage

In late March, the US Department of Interior released the results of its Central Gulf of Mexico lease sale 227. It was a great auction, with a LOT of interest—52 companies, 407 bids and 320 tracts up for offer--and heavy bidding competition. This is only a fraction of the blocks up for grabs (4.5%), so there’s a lot more to come.

This is the rebound from the 2010 oil spill, which…

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